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The Backwards System

  • #61
  • Mar 18, 2016 5:36am Mar 18, 2016 5:36am
well, I'm done for the week. Should have been 5 for 5, which is about as good as it gets. Best of British luck mpradeep (I think your tp just got hit), have a happy weekend and see you next week.
  • #62
  • Mar 18, 2016 5:43am Mar 18, 2016 5:43am
Quoting BubaYaga
well, I'm done for the week. Should have been 5 for 5, which is about as good as it gets. Best of British luck mpradeep (I think your tp just got hit), have a happy weekend and see you next week.
Good job
  • #63
  • Mar 18, 2016 7:00am Mar 18, 2016 7:00am
Quoting BubaYaga
well, I'm done for the week. Should have been 5 for 5, which is about as good as it gets. Best of British luck mpradeep (I think your tp just got hit), have a happy weekend and see you next week.

Yes Buba my tp hit. See u next week. Thanks
  • #64
  • Mar 19, 2016 3:02am Mar 19, 2016 3:02am
Backtest from january 2016.. looking forward the next lessons...
Attached Image (click to enlarge)
Click to Enlarge Name: a.png Size: 37 KB
  • #65
  • Edited 8:17am Mar 20, 2016 7:36am | Edited 8:17am
Quoting hakary
Backtest from january 2016.. looking forward the next lessons... {image}
Hakary, is this a EA backtest? If so, there is something wrong with your EAs SL and TP settings it seems. The trades are being taken at the right place (or at least the right candle) but they seem to not be exiting where they should. For example the trades taken on the 15 and 16 of March should have hit TP, but in your chart they seem to have hit the SL. Even your 14th of March trade closed one candle after it should have.

In any case, I just wanted to bring it to your attention. Load up the template BubaYaga provided and compare manually where the trades would have opened and closed.

On second thought, this is probably because of your spread. My broker gives me 4 pip spread on this pair so this would definitely cause a change in the win to lose ratio in those trades that are rather "Close". Need new broker I think
  • #66
  • Mar 20, 2016 7:35pm Mar 20, 2016 7:35pm
yes, it's an EA backtest.. and yes thats because of the spread.. my broker gives me 10 pip spread on CADJPY..
  • #67
  • Mar 20, 2016 9:12pm Mar 20, 2016 9:12pm
Quoting hakary
yes, it's an EA backtest.. and yes thats because of the spread.. my broker gives me 10 pip spread on CADJPY..
oh wow.....10 pips...And I thought my 4 pips were bad.

I manually backtested the month of December, and it was pretty horrible, can you backtest that with your EA and see how that goes? Or if you dont mind also, sharing the EA here would not be something I would be mad at you for
  • #68
  • Mar 20, 2016 10:13pm Mar 20, 2016 10:13pm
sure, buddy.. here it is..
Attached File(s)
File Type: ex4 HEIKEN_RVI.ex4   14 KB | 211 downloads
  • #69
  • Mar 20, 2016 11:19pm Mar 20, 2016 11:19pm
Quoting hakary
sure, buddy.. here it is.. {file}
Thank you for sharing Hakary.

I tested it, and the EA for some reason opens trades on the 12GMT hour candle. It might be a broker thing though. Can you make the time it trades a input option? Perhaps this way it will fix this.
Attached Image (click to enlarge)
Click to Enlarge Name: CJ.png Size: 7 KB
  • #70
  • Mar 20, 2016 11:44pm Mar 20, 2016 11:44pm
ok..
Attached File(s)
File Type: ex4 HEIKEN_RVI.ex4   14 KB | 245 downloads
  • #71
  • Mar 20, 2016 11:45pm Mar 20, 2016 11:45pm
Quoting hakary
ok.. {file}
Wow, that was fast! Thank you! And sorry if I am being a bother hehe just wanted to make backtesting easier then going through weeks and weeks of charts. Good work!
  • #72
  • Mar 20, 2016 11:49pm Mar 20, 2016 11:49pm
no problem.. lets learn here together
  • #73
  • Mar 20, 2016 11:56pm Mar 20, 2016 11:56pm
Quoting hakary
no problem.. lets learn here together
Yes, lets. We are still missing the next bit of the puzzle for the SL hits. BubaYaga said we would find out what it is once we get the first SL. I am going to take a wild guess and say its going to be Martingale strategy. From January till last week, there was no consecutive losses, so it would make sense. But December had many consecutive losses.

BubaYaga, eagerly awaiting some more details. Thanks for sharing.
  • #74
  • Mar 21, 2016 12:01am Mar 21, 2016 12:01am
Quoting cardm3n
{quote} Yes, lets. We are still missing the next bit of the puzzle for the SL hits. BubaYaga said we would find out what it is once we get the first SL. I am going to take a wild guess and say its going to be Martingale strategy. From January till last week, there was no consecutive losses, so it would make sense. But December had many consecutive losses. BubaYaga, eagerly awaiting some more details. Thanks for sharing.
I thought it's martingale strategy too.. I can add it to the EA .. with multiplier lot input option for the next position after SL hit
  • #75
  • Mar 21, 2016 12:16am Mar 21, 2016 12:16am
Quoting hakary
{quote} I thought it's martingale strategy too.. I can add it to the EA .. with multiplier lot input option for the next position after SL hit
Wouldnt be a bad idea to try it since, at least manually, recently it has had a great success rate. But like I said, its just a assumption as to what BubaYaga has in store still.
  • #76
  • Mar 21, 2016 1:13am Mar 21, 2016 1:13am
Quoting hakary
{quote} I thought it's martingale strategy too.. I can add it to the EA .. with multiplier lot input option for the next position after SL hit
I think why martingale approach wouldn't work is the R:R ratio in the original set up. ( which is OK as it is, the thoughts on martingale!)
After a 50 pips SL hit, even if double down, the next might recover the trade ( less commissions) or in case a second loss double the loss.
With an example, risk 2% a trade (50 pip), win 1%(25pip)....in case after a loss a martingale would risk 4% (50 pip) where gain 2% (25 pip)...IF SL hit a second time, as happened to me at few occasions on BT, then you are at -6% on the account.
Next martingale calls for 8% risk for 4% gain...say it is a win....still you are in a 2% loss from the starting point ( + costs)!

You would need the hold the last martingale position size for 2 consecutive wins too in hope to make it worthwhile.
For obvious reason semi martingale would work even worse.

What could work is a "turbo" martingale, staying with the example,
after 2x SL ...-2% + 2%=-4% down, the 3rd trade 4x size, ie risk 8% for return 4%....or to equity BE recovery ( IF WINS)
note, this skips the second martingale position, so, not 2+4+8....but vs. 2+2+4

of course these numbers - the risk of the equity/trade- need to be lowered in original positions if plan to use martingale, else it soon would be out of hand.
on the positive note, a quick 2 months manual BT on 2 pairs only gave me 2 consecutive loss any given time.

sorry if something not clear, I am not good to draw excel sheets or such.
there is always, always another trade!!
  • #77
  • Mar 21, 2016 1:14am Mar 21, 2016 1:14am
as for the spread, ICMarkets this morning ( Japanese Bank holiday) has 0.7-1 pip spread on CJ.
10 pips?! warrants an instant broker change!!
there is always, always another trade!!
  • #78
  • Mar 22, 2016 4:06am Mar 22, 2016 4:06am
Quoting hakary
ok.. {file}
Thanks hakary for coding this EA. With your permission, may I put this in the first post of this thread (of course, giving credit to you for creating it).
Markets volatile today, after terrible explosions in Brussels.
  • #79
  • Mar 22, 2016 5:47am Mar 22, 2016 5:47am
Quoting BubaYaga
{quote} Thanks hakary for coding this EA. With your permission, may I put this in the first post of this thread (of course, giving credit to you for creating it). Markets volatile today, after terrible explosions in Brussels.
of course... and we're still waiting your next explanation of the strategy..
  • #80
  • Mar 22, 2016 9:19pm Mar 22, 2016 9:19pm
Hi Buba

where r u? Monday I missed the trade. Yesterday won.
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